/Why India's cryptocurrency exchanges may move to Singapore, Switzerland, or Malta

Why India's cryptocurrency exchanges may move to Singapore, Switzerland, or Malta



The Indian central bank’s crackdown on virtual money may drive cryptocurrency exchanges out of the country to more friendly locations. Earlier this month, the Reserve Bank of India (RBI) issued a directive that, by July 06, lenders must close the bank accounts of firms dealing in cryptocurrencies.

Source: Why India’s cryptocurrency exchanges may move to Singapore, Switzerland, or Malta